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Can't believe igc hit 4.50 and this barely touched .09 haha time will tell
Will try to get in if this dips and IGC keeps moving up towards strike price
I'm with ya there, the closer IGC gets to 5, the more potential we have here. IGC to 10 bucks will make me very happy haha
After hours in what was crazy?
Im just laughing because everyone's long IGC but arent interested in the warrants at .04 - .05 ????
Im loaded
After hrs was crazy. I might throw some at this warrant tomorrow.
IGCIW - Expiration 3/8/2021
Strike - 5$
Each warrant represents rights to 1/10 of a share.
whats happening, some activity today?...is she waking up to run??
True, mine too, instead of getting rid of it, I added more because it cant go any worse now, worse is over!...cost averaging is a good strategy right now, as both IGC & IGCIW is ripe for a big rally!!!. Reversal is in place since mid March!...IGC moved significantly, but IGCIW did not, fireworks coming!?...Lol!!
Yes I no longer follow the stock. I own the warrants and I'm deep red in losses on those
added to my existing position, as it might not be this cheap next week!
Yes, ofcourse, what if any changes financially or otherwise? if you followed it closely!..
If you do not know that is Ok, I lost touch with it for a while and it seems like a great opportunity right now!..for the next move up!!
You are responding from a post that's over 1 year old?
valid point, is this number and cash in hand a current figure too or is there any changes!!..
So basically when IGC was trading well above $5/share, they raised $30,000,000 at $5.30/share
Do you think these institutions are going to take a loss?
Besides all of that, do you think IGC doesn't still have a good majority of that cash still in their coffers?
I believe when I last checked a couple months ago, they had $22,000,000 in liquid cash on hand
Moving forward, IGC could fund one hell of a Cannabis business that will send these shares up exponentially
This is why im long the IGCIW warrants
It's noteworthy that while India Globalization has a history of losses and other eyebrow-raising issues, it did raise $30 million of capital at a price of $5.30 per share to take advantage of its skyrocketing share price in late September. As a result, IGC finds itself with $27M in cash as of the last quarter's report and a book value of about $0.92 per share. The capital raise was significant given the company's size and, if maintaining the recent burn rate, could potentially fund IGC's losses for years. Together, the book value and the cash position could provide support for the stock price.
It's going to be fun when IGC makes its next high-volume run through $2 into the $3s and the warrants skyrocket into the .20s and .30s
I hope you Traders are keeping tabs on the excessive volume of shares being traded over the past week or so. These are institutional investors loading up. Once IGC surpasses that pivotal $5 per share mark, we will see institutional Investments most likely double or triple. The warrants will be the place to be
IGCIW
I'll be averaging UP on IGCIW as my core holdings reside at .063/share
IGC will head north of $3/sh
They raised $27,000,000 in cash mos ago
Well funded
NYSE listed no brainer
Note the volume on IGC trading shares daily.
Something huge is happening
https://finance.yahoo.com/quote/IGC/options?p=IGC
Just in case you want to monitor calls activity. AJ
Ask is now $0.25 and bid is $0.10.
Warrants undervalued and a bargain IMHO.
AJ
Ask for Aug 16 expiration calls at $5 strike is at $0.10. Warrants, of course, have a much longer life. Just trying to get a feel for valuation. AJ
Just pulling this up as a reminder...AJ
What is the best way to value the warrants? I was thinking that identifying a comparable call option might work, but have not yet tried to do this. Does this make sense? AJ
Yes I have little doubt that IGC will be trading over $3/share and IGCIW will be trading in the mid .20's at least
If
Lol
It will be 3$
Then 5$
Then we need results lol
If IGC heads back into the $2's then these warrants will be over $.15
Looking forward to IGC heading higher into the summer months, taking IGCIW along with her.
IGC raised $27,000,000 in it's coffers and got relisted onto the NYSE
It's just insane that it and the warrants are trading this low
I still stand by the mathematics of the post I am responding to.
Anyone else agree?
I have 50K warrants...hope we have a good day and close at HOD for Monday follow-through. AJ
I haven’t looked at my 160k warrants for a couple weeks.
Glad I missed the bump as I would have sold some and missed the real bump
I’m a fan of the biz plan
It’s not complicated nor difficult to understand
Capital, partners, and property in place
Oh and permits
Let’s get this
$igciw
Pretty interesting that the warrants are trading at $0.06 while the common Shares are trading in the .80s
Sort of makes no sense mathematically considering where the warrants were trading when IGC was $2.50 - $3
I have the same question. AJ
$IGCIW: What the heck is going on ??????
These are on fire this morning.
Something in the works ?
GO $IGCIW
Only if IGC continues to go down.
And I think that one is just pulling back after having such an epic run.
Note the volume on IGC
Now that it is a listed stock, it's getting a lot of investment-grade interest
I dumped mine, I think they are just going to keep going down
Hi! New here. $50 was the previous number. Note: they were reduced.
wook
Revenue - Total revenue was about $1,285,000 for the three months ended December 31, 2018, compared to $762,000 for the three months ended December 31, 2017. This represents an increase in revenue of about $523,000 or about 69%.
In the three-month period ended December 31, 2018, our revenue arose from our infrastructure business, specifically the purchase and supply of mostly steel and tiles, among other materials, and our equipment rental businesses. The increase in total revenue is attributable to an increase in the number of transactions. Our focus in fiscal 2020 is to increase margins through investments and execution of anticipated long-term contracts.
Here comes more money for IGC this month
NOTE 5 – INVESTMENT HELD FOR SALE Our wholly-owned Malaysian-based subsidiary, Cabaran Ultima operates a real estate management business. Our board decided to exit this business, and as of March 31, 2018, we accounted for our investment in Cabaran Ultima as “Investment Held for Sale” valued at $147,500. We expect to dispose of Cabaran Ultima in the fiscal year ending March 31, 2019.
https://static1.squarespace.com/static/55675f59e4b051f62f6f0b27/t/5c62c1b2971a18546f5789be/1549976007277/India+Globalization+Capital+10-Q+12-31-18+As+filed.pdf
India Globalization Capital, Inc. (NYSE AMERICAN: IGC) announced today that it completed its at-the-market equity offering programs described in its prospectus supplements dated September 24, 2018 and October 1, 2018 and filed with the SEC. The programs commenced on September 25, 2018 and were completed on October 2, 2018. In total, 5,654,375 shares of common stock were sold at a weighted average stock price of approximately $5.30, representing gross proceeds of approximately $30.0 million. Following the completion of the programs, IGC has approximately 36,692,848 shares of common stock outstanding.
The Company is no longer offering shares of common stock under these programs.
The sales of IGC’s common stock were completed pursuant to the At-The-Market Offering Agreements among IGC, The Benchmark Company, LLC and ViewTrade Securities, Inc.
The Company intends to use the proceeds from the offerings for, among other things, the sales and marketing of HyalolexTM and SerosapseTM and IGC’s development and marketing of its sugar free CBD-infused energy drink as well as expanding its cannabis-based portfolio of intellectual property related to large market health indications.
“We are positioning to move forward with key product commercialization while further diversifying our holdings. Our mandate is to build value, and we are pleased to have resources to accelerate our path,” stated Ram Mukunda, CEO of IGC.
READ THE NEWS - IGC has over $30,000,000 in cash
Look where the "at the money" equity offering took place
$5.30/share
Look where we are presently trading
lol
Read below:
India Globalization Capital, Inc. (NYSE AMERICAN: IGC) announced today that it completed its at-the-market equity offering programs described in its prospectus supplements dated September 24, 2018 and October 1, 2018 and filed with the SEC. The programs commenced on September 25, 2018 and were completed on October 2, 2018. In total, 5,654,375 shares of common stock were sold at a weighted average stock price of approximately $5.30, representing gross proceeds of approximately $30.0 million. Following the completion of the programs, IGC has approximately 36,692,848 shares of common stock outstanding.
The Company is no longer offering shares of common stock under these programs.
The sales of IGC’s common stock were completed pursuant to the At-The-Market Offering Agreements among IGC, The Benchmark Company, LLC and ViewTrade Securities, Inc.
The Company intends to use the proceeds from the offerings for, among other things, the sales and marketing of HyalolexTM and SerosapseTM and IGC’s development and marketing of its sugar free CBD-infused energy drink as well as expanding its cannabis-based portfolio of intellectual property related to large market health indications.
“We are positioning to move forward with key product commercialization while further diversifying our holdings. Our mandate is to build value, and we are pleased to have resources to accelerate our path,” stated Ram Mukunda, CEO of IGC.
THIS IS THE NEWS EVERYONE NEEDS TO BE REMINDED ABOUT
How could everyone have "forgotten" ???
https://www.streetinsider.com/Equity+Offerings/India+Globalization+Capital%2C+Inc.+%28IGC%29+Prices+5.65M+Share+At-the-Market+Offering+at+Approx.+%245.30Sh/14668944.html
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